Italy Long Term Unemployment Rate  Forecast


Long Term Unemployment Rate in Italy is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Italy to stand at 6.59 in 12 months time. In the long-term, the Italy Long Term Unemployment Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.


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Italy Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.2 10.5 10.2 9.9 9.6 8
Employed Persons 23124 23400 23700 24000 23043 26100
Unemployed Persons 2903 2720 2700 2680 2869 2610
Part Time Employment 35765 37400 37600 37900 35560 43000
Full Time Employment 141493 143000 143500 144000 141079 149000
Employment Rate 58 57.9 57.9 58 57.94 59
Labor Force Participation Rate 65.4 65.9 66 66 65.16 66.5
Long Term Unemployment Rate 6.8 5.8 5.6 5.5 6.59 4.5
Youth Unemployment Rate 35.5 34.2 34 33.8 34.77 30
Productivity 107 108 108 109 106 117
Labour Costs 107 108 109 110 106 117
Wages 2168 2370 2207 2211 2215 2420
Wage Growth 0.6 0.6 0.7 0.8 0.91 1.9
Wages in Manufacturing 112 113 113 113 112 120
Population 60.59 60.59 60.54 60.54 60.54 60.02
Retirement Age Women 65.58 65.58 66.16 66.55 66.93 67
Retirement Age Men 66.58 66.58 65.63 65.68 65.73 67
Employment Change 0.3 0.4 0.4 0.3 0.19 0.6
Wages Low Skilled 1250 1400 1391 1399 1405 1480
Wages High Skilled 2370 2420 2420 2421 2422 2560
Living Wage Family 1185 2190 1160 1160 1160 2380
Living Wage Individual 940 1050 916 916 916 1220